Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? Instant payments service What is FedNow?

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PYMNTS

DECEMBER 8, 2020

Video-based know your customer (KYC) processes are particularly promising in this regard. The latest Digital Identity Tracker® examines KYC regulatory requirements FIs face as well as how video-based KYC can ease onboarding for all parties. It also noted that it stopped 144,946 fraud attempts from March through September.

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PYMNTS

DECEMBER 15, 2020

New Jumio data indicates that new account fraud based on identity verification fell 23.2 Jumio’s Holiday New Account Fraud Report ’s fourth iteration looks into fraudulent attempts to open a new account with a modified government-issued ID in addition to a corroborating selfie.

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PYMNTS

JUNE 25, 2020

Global payments automation platform Tipalti says it has made mass, automated payments seamless for numerous popular online video game customers, according to a press release. “Success in the gaming ecosystem today is all about rewarding their international partners with consistent, reliable payments,” Amit said in the release.

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PYMNTS

DECEMBER 11, 2020

PYMNTS’ December 2020 Digital Identity Tracker® , done in collaboration with Jumio , delves with enthusiasm and deep detail into the burgeoning field of video-based KYC , highlighting a number of compelling use cases from around the world that showcase its effectiveness. But that’s about to end. Seeing Is Believing. Timing Is Everything.

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Abrigo

AUGUST 27, 2021

COVID-19 creates new opportunities for fraudsters Fraudsters have taken advantage of COVID-19-related fraud schemes with the influx of money from government stimulus and vulnerable individuals. Takeaway 1 COVID-19 has sparked new fraud schemes, and cyber-enabled fraud is on pace to reach new highs. Current State of Fraud.

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PYMNTS

DECEMBER 10, 2020

Video-based KYC is an effective digital technology used increasingly to confirm customers? This method allows banks and merchants to verify customers through video interviews and biometric authentication, which are checked against physical documents. Video verification is one way to ensure smooth experiences and build trust. .

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PYMNTS

OCTOBER 19, 2020

Disguising itself as a commonly used video conferencing tool, Vizom spreads through phishing campaigns. Brazilian bank accounts are being hit by a new malware, called Vizom by IBM, that makes use of familiar overlay attack tactics to hijack devices in real time, according to a report by ZDNet.

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Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." Takeaway 2 Generative AI models emulate data put into them to generate apparently new content such as text, images, audio, or video. This can include images, videos, audio, text, and other digital content.”

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PYMNTS

NOVEMBER 13, 2020

Government-benefits fraud runs at about 10 percent even during normal times, but now that the pandemic has exponentially increased U.S. I think bad actors and fraudsters always follow the money,” Elizabeth Cronan , vice president of government relations at geolocation-based fraud prevention firm GeoGuard recently told PYMNTS. . “I

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American Banker

APRIL 8, 2024

A new report sheds light on the lack of player protections against scams and exploitive data collection practices of video game companies.

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Abrigo

FEBRUARY 8, 2024

WATCH Takeaway 1 Romance scams are one of the most common forms of fraud schemes seen in the U.S. Report any scam or attempted fraud to the FBI and your financial institution. The fraudster often avoids meeting in person or via video calls, making excuses like being in the military or off doing charity work. billion in 2021.

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PYMNTS

JANUARY 27, 2020

It seems that old-fashioned video games are that hot new item, assuming they are in pristine condition and come in factory packaging, according to a new report in The New York Times. But there is always some kind of market for collectibles, and not just video games from a generation ago. Take the general toy market.

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PYMNTS

JANUARY 14, 2021

Numerous technological and logistical challenges have emerged as firms work to vet and verify applicants without meeting them in person, with 80 percent of companies recently reporting that they experienced candidate fraud. Deep Dive: How Firms Can Power Remote Hiring With Digital ID Tools And Verification Solutions.

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PYMNTS

APRIL 27, 2020

In today’s top news, Amazon is trialing video onboarding calls to prevent merchant fraud, and hospitals face major financial hardship amid the coronavirus pandemic. Amazon Trials Video Onboarding Calls To Thwart Merchant Fraud. Hospitals Face Financial Hardship As COVID-19 Continues To Surge.

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PYMNTS

NOVEMBER 23, 2020

And even before then, as evidenced by an earlier conversation between Karen Webster and Drew Edwards , CEO of Ingo Money , mobile deposit fraud was increasingly becoming a favorite vector for criminals. Back then, Edwards noted that mobile check fraud was escalating so much that some banks were shutting off the feature entirely.

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PYMNTS

OCTOBER 17, 2019

An Android video app called Snaptube has been taking unauthorized premium purchases from its users and generating fraudulent ad clicks. Snaptube lets its approximately 40 million users download videos from Facebook , YouTube and others, TechCrunch reported. The security firm Upstream discovered the app is manipulating users for data.

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PYMNTS

OCTOBER 8, 2020

The growing cost of online fraud – and finding ways to detect it – has long been a costly concern of financial institutions (FIs). If you beat the geolocation fraud, you beat all the fraud,” Briggs said. He said banks and payment processors already have this technology on hand – they’re just not using it correctly. .

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FICO

DECEMBER 11, 2018

Financial institutions are constrained in their ability to make informed decisions, and consumers are naïve about the fraud impacts this purported second chance on credit. The first videos in this three part video are on the topic of credit profile numbers and how they get created. What Data Do I Need to Fight Application Fraud?

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FICO

APRIL 8, 2021

Over the last year, the global pandemic has profoundly impacted fraud trends , with financial criminals feasting on a desperate stew of consumer loneliness, financial difficulties, boredom and desperation. Stay in the Know with my Latest Fraud Video. By furnishing mules in the U.S. by Liz Lasher.

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PYMNTS

DECEMBER 8, 2020

As the holiday shopping season kicks into high gear amid an unprecedented pandemic-era surge in online shopping, banks and merchants are bracing for an associated spike in fraud , disputes and chargebacks. Fighting Friendly Fraud. For every $1 in legitimate fraud, there is $13 in transaction value that is falsely declined,” he said.

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FICO

AUGUST 8, 2018

We are tackling an exponentially growing type of fraud - application fraud – and we recognize that machine learning analytics must be a critical part of a financial institution’s control strategy. Check out the full webinar “ Layered Defense in the Fight Against Application Fraud ”. Video) appeared first on FICO.

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FICO

MAY 9, 2018

Just three short weeks ago during FICO World 2018 , I had the opportunity to chair a panel of esteemed fraud practitioners to discuss Global Fraud Trends & Risk Control Imperatives. One of the questions I asked was: What’s behind the rise in application fraud we see worldwide? Want to learn more?

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PYMNTS

MARCH 11, 2020

The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos. FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Download the Tracker to read the Feature Story.

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PYMNTS

JANUARY 15, 2021

It’s about helping companies quickly implement some of those best practices, such as video interviewing, so they can move ahead swiftly to keep up with their goals.” . She also noted that much can be learned about candidates via video, such as their mannerisms, habits and the attitudes they will likely take into the role.

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PYMNTS

NOVEMBER 13, 2019

Many FIs are interested in the potential of video-based KYC, through which customer-provided videos of themselves are compared against the images on their ID documents. Prerecorded Versus Live Video. Several forms of video KYC exist today, each with its own benefits and drawbacks. Additional Considerations.

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PYMNTS

SEPTEMBER 18, 2020

We have deep dives on digital onboarding at universities, subscriptions and quick-service restaurant (QSR) friendly fraud. Players of Fortnite can now log into the video game on Apple’s sign-in system following an almost two-week prohibition. Helping QSRs Fight Food Fraud. Top News . Fun, Cool, and Otherwise Interesting.

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PYMNTS

OCTOBER 19, 2018

At the least, it won’t get any better — not according to any anti-fraud expert who is worth their rate. Every business must decide its comfort level with fraud and how much risk to take on, a concept discussed in depth during a new PYMNTS digital discussion, featuring Karen Webster and Kevin Trilli, chief product officer at Onfido.

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PYMNTS

NOVEMBER 15, 2016

Kaltura , an video platform for the OTT TV (Over the Top TV), OVP (Online Video Platform), EdVP (Education Video Platform) and EVP (Enterprise Video Platform) markets, announced an integration with commerce platform Stripe to increase revenues for OTT players.

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PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2 According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2

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FICO

JANUARY 12, 2022

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions. I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. Video Discussion : 2:15-7:30).

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FICO

NOVEMBER 20, 2019

That is how UBS Card Center, which processes some 25% of card transactions in Switzerland, keeps fraud rates down and cardholders happy. And for the past 20 years, UBS have been using the FICO® Falcon® Platform and working in partnership with fraud experts from FICO. The only way is to innovate, learn and adapt. by FICO.

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FICO

NOVEMBER 13, 2017

What card fraud trends are bothering fraud managers in Europe? In this video, Gabriel Hopkins of FICO discusses the rise in card-not-present (CNP) fraud, and what card issuers are doing about it. That's why innovations in CNP fraud detection are so vital. appeared first on FICO.

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Bank Innovation

NOVEMBER 15, 2019

Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 15, 2019.

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FICO

AUGUST 14, 2018

Stopping fraudsters at the front door is a priority, and layered controls are essential to stopping fraud attacks rapidly, agilely, and efficiently. Identifying fraud early requires enterprise-level vigilance and context around an individual’s behavior. Want to learn more?

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FICO

JANUARY 15, 2021

Many in the industry know that I’m a strong proponent of Fraud and Financial Crimes Convergence, so I’m often asked about just what organizations should do from a technology standpoint. Check out this video as we discuss what you need to plan and implement to be able to converge fraud and AML technology. Watch the video here.

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FICO

AUGUST 2, 2018

Want to learn why application fraud is on the rise? With the North American chip card deployment, fraud has migrated to “paths of least resistance”. EMV has disrupted a $4 billion industry that seeks to find a new home in application fraud, card not present fraud, and more. Video) appeared first on FICO.

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